The unstable part is just compared to other versions of Debian. Every now and then a package dependency breaks, but usually nothing serious and you can still use the system until it is fixed within hours. It is not like the system will constantly crash, it is still linux.
I have used sid for years without any major problems. Usually only on desktop though.
Maybe not, some immature kids think anything with X in it looks cool. Just look at Musk renaming twitter.